NEWS
Marriott Entering Luxury Home-Share Market
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Airbnb will soon be getting a little extra competition with Marriott announcing plans to enter the booming vacation rental home market.
Marriott will focus on luxury properties for their home-rental service called Homes & Villas, featuring properties such as Jamaican Castles and a California Alpaca Ranch.
According to the New York Times, Marriott’s Homes & Villas will begin offering “$2,000 luxury properties worldwide, ranging from a one-bedroom home for $200 a night to that castle in Ireland for $10,000 a night.”
According to Marriott, Marriot Bonvoy members can still earn and redeem points when they stay at a Homes & Villas property and the company hopes to showcase rentals in over 100 destinations throughout the United States, Europe, the Caribbean, and Latin America.
“The launch of Homes & Villas by Marriott International reflects our ongoing commitment to innovation as consumer travel needs evolve,” Stephanie Linnartz, Global Chief Commercial Officer, Marriott International said in a statement. “What started out as a pilot a year ago is now a global offering, providing our guests with the space and amenities of a home backed by a trusted travel company, and the very best in loyalty benefits.”
